Tagged: Taxes

Colorado is a step closer to giving low-income families some guaranteed tax breaks. With less than two days left in the legislative session, it’s far from a done deal.

Grammy-winning singer Lauryn Hill will spend three months in jail for failing to pay income tax on about $1.8 million in earnings.

Hill, 37, pleaded guilty last year to three counts of tax evasion. She was sentenced on Monday.

The Associated Press reports:

"During a forceful statement to the judge, Hill explained she had always meant to eventually pay the taxes but was unable to during a period of time when she dropped out of the music business.

Congress is considering a bill that would allow states to collect sales taxes from online retailers. Proponents say a law is necessary to level the playing field with brick-and-mortar stores and to raise revenue for states.